2685 Collins Mill RdCastaliaNC27816
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Castalia at 2685 Collins Mill Rd, Castalia, NC, 27816 uses $82,875 cash to close to unlock $2,952/yr annual cash flow and $246/mo monthly cash flow. Total monthly income runs $1,770/mo, and a $1,224/mo payment keeps the spread at $246/mo. Purchase price stands at $250,000, and rental yield measures 8.5% with $1,770/mo rent. Return on cash invested shows 23.47% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 121.8% and total cumulative return in cash records $100,942. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,770/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 2025
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27816, Castalia, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,273 (100%) |
| Owner Occupied HU | 821 (64.5%) |
| Renter Occupied HU | 297 (23.3%) |
| Vacant Housing Units | 155 (12.2%) |
| Median Home Value | $218,956 |
| Average Home Value | $587,616 |
Housing Distribution
Address Breakdown
Residential
1,107
Single Family
1,107
Multi-Family
0
Businesses
43
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Listed by: Ashley Braswell • Braswell Realty
Mls Name: Doorify MLS
Mls ID: #10137201